Looking to diversify beyond SEDAX? The mutual funds below have the lowest correlation with SEDAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SEDAX.
Best Diversifiers for SEDAX
1 mutual funds have low correlation with SEDAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.23, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.23 | 0.21 | 0.30 | 100 | Ultrashort Bond | SEDAX vs ENIAX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.40 | 0.45 | 0.52 | 62 | Emerging Markets Bonds | SEDAX vs EMCIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.41 | 0.36 | 0.45 | 99 | Diversified Portfolio | SEDAX vs STDAX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.45 | 0.52 | 0.56 | 98 | Emerging Markets Bonds | SEDAX vs DBLLX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.46 | 0.45 | 0.42 | 54 | Municipal Bonds | SEDAX vs SBDAX |
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